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canada-looks-to-introduce-tax-credits-to-support-clean-hydrogen-investments
canada-looks-to-introduce-tax-credits-to-support-clean-hydrogen-investments

Canada looks to introduce tax credits to support clean hydrogen investments

The Canadian Government has revealed it will launch a consultation on how best to implement tax credits to support investments in clean hydrogen production.

In its Autumn Economic Statement, the Canadian Department of Finance announced it planned to establish a tax credit for clean hydrogen based on the lifecycle carbon intensity of hydrogen, similar to the US Inflation Reduction Act, passed in August this year (2022).

Read more: Win for hydrogen in the US – Inflation Reduction Act to become law

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